FARMINGTON SOCCER CLUB INC

EIN: 061039309 501(c)(3)

PLAINVILLE, CT

Total Revenue
$163,390
Total Expenses
$135,019
Total Assets
$178,302
Net Assets
$178,302
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CT
Principal Officer
GARRET RATCLIFFE
Tax Period
2023-01-01 to 2023-12-31

FARMINGTON SOCCER CLUB INC, founded in 1981, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. The organization ran a surplus of $28K, a strong 17% operating margin.

Mission

TO FOSTER LOCAL, STATE, NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION BY PROMOTING, DEVELOPING AND GOVERNING YOUTH SOCCER ACTIVITY IN THE TOWN OF FARMINGTON.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,696
Program Service Revenue $160,122
Investment Income $572
Other Revenue $0
TOTAL REVENUE $163,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,519
Other Expenses $135,019
TOTAL EXPENSES $135,019

Year-over-Year Comparison

2023 2022 Change
Revenue $163,390 N/A N/A
Expenses $135,019 N/A N/A
Net Income $28,371 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARRET RATCLIFFE PRESIDENT 20.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $163,390 $135,019 $178,302 $28,371
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